Estate Planning
Filing a T1 Terminal Tax Return
A T1 Terminal Tax Return is to be filed upon a tax payer’s death. According to Canadian tax law, a taxpayer is deemed to have disposed of all of their property at the fair market […]
trusts
Estate Planning
Using an Estate Freeze to Limit Your Capital Gains
Upon death, a taxpayer is deemed to have sold of all of their property at fair market value thus resulting in a tax liability. This is known as a deemed disposition. Estate freeze is an estate […]
Estate Planning
Types of Estate Trusts
There are various types of estate trusts and one thing is for sure that using trusts is another way that you can reduce probate. Trusts are a great way to maintain control of assets during and after death. […]
Estate Planning
Deemed Disposition on Death
At death, an individual is considered to have disposed of all of their property of value such as investment accounts, real estate, shares in a private company, cars and more! For property that has increased in value, an individual would be responsible to pay capital gains. […]